TEL : (051) 2650805-7 FAX : (051) 2651285-6
THE PREMIER SUGAR MILLS & DISTILLERY CO. LTD.
King's Arcade, 20-A, Markaz F-7, P.O. Box 1529, Islamabad
Ref: PSM/PSX/ * '° / *
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
July 28, 2025
Re: FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED JUNE 30, 2026
Dear Sir,
We would like to infom you that the Board of Directors of the Company, in the Meeting held on Monday, July 28, 2025 at 11:30 a.m, have been approve the following Financial Results of the Company for the Quarter and Nine Months ended on June 30, 2025.
Quarter Ended Nine Months Ended
June 30, | June 30, | June 30, | June 30, | ||
2025 | 2024 | 2020 | 2024 | ||
- - Rupees In thousand | |||||
Sales | 946,054 | 110,612 | 1,497,666 | 622,144 | |
Less: sales tax | (32,197) | (16,873) | (55,778) | (94.903) | |
Sales - net | 913,857 | 93,739 | 1,441,888 | 527,241 | |
Cost of sales | (775,487) | (215,262) | (1,425,283) | 939,377 | |
Grose profit / (loss) | 138,370 | (121,523) | 16,605 | (412,136) | |
Distribution cost | (110,831) | (383) | (162,388) | (2,899) | |
Administrative expenses | (34,906) | (30,316) | (95,934) | (104,481) | |
Other Income | 10,572 | 588,358 | 77,033 | 681,275 | |
Other expenses | (4) | (787) | (4) | ||
Profit/ (loss) from operations | 3,212 | 436,132 | (165,471) | 161,756 | |
Flnance cost | (96,326) | (62,280) | (223,695) | (184,547) | |
(Loss) / profit before taxation | (93,114) | 373,852 | (389,166) | (22,791) | |
Taxation | T3,332 | 173,504 | 66,290 | 157,756 | |
(Loss) / profit after taxation | Q9,782) | 547,356 | (322,871) | 134,965 | |
(Loss)/ earning per share
(5)
- Rupees
36
146
The Q arterl Report of Our Company will be submitted electronically through PUCARS as per PSX Notice No. PSX/N-5036 d te : eptember 03, 2018.
YOu£S
(MuJa i ashlr)
Comp y Secretary
Factory : Phones: (0937) 862051, 862052, 863443, Fax: (0937) 862989 Telex 52404 PSMMN PK MARDAN
Unconsolidated Condensed Interim Statement of Financial Position As At June 30, 2020 | ||||
Un-audited | Audited | |||
June 30, | Sep. 30, | |||
2025 | 2024 | |||
Assets Note (Rupees in thousand) Non-current Assets | ||||
Property, plant and equipment | 5 | 3,466,260 | 3,405,361 | |
Investment property | 19,442 | 19,633 | ||
Long term investments | 6 | 170,006 | 170,006 | |
Security deposits | 2,059 | 1,809 | ||
3,657,767 | 3,596,809 | |||
Current Assets | ||||
Stores and spares | 186,246 | |||
Stock-in-trade | 7 | 751,766 | ||
Trade debts, unsecured-considered good | 76,015 | |||
Advances | 8 | 40,176 | ||
Trade deposits and short term prepayments | 9 | 6,160 | ||
Other receivables | 10 | 13,303 | ||
Sales tax refundable | 278,611 | |||
Income tax refundable, advance tax and tax deducted at source | 48,329 | |||
Bank balances | 11 | 86,789 | ||
1,487,395 | 499,659 | |||
Total Assets | 5,145,162 | 4,096,468 | ||
Equity and Liabilities | ||||
Share Capltal and Reserves | ||||
Authorised capital | 57,500 | 57,500 | ||
Issued, subscribed and paid-up capital | 37,500 | 37,500 | ||
Capital reserves | ||||
The Premler Sugar Mills & Distillery Company Limited
share redemption
revaluation surplus on property, plant and equipment General revenue reserve
Accumulated loss Shareholders' Equity Non-current Liabilities
Long term finances Lease liabilities
Staff retirement benefits - gratuity Deferred taxation
Current Liabilities
Trade and other payables Contract tiabilities Unclaimed dividends Accrued mark-up
Loan from subsidiary company
Short term borrowings
Current portion of non-current liabilities
Taxation
Total Liabilities
1,338,783
900,000
(731,186)
911,467 | |
643,957 228,005 7,470 122,375 350,000 1,112,851 177,106 46,833 | |
2,688,597 | |
1,545,098
12
3,600,064
1
1,439,748
900,000
(509,280) 1,867,969
839,102 5,835 43,345 95,603 | ||||||||
983,885 | ||||||||
4 1 | ||||||||
1,244,614 |
2,228,499
Contingencies and Commitments 13 Total Equity and Llabllities 5,145,162 4,096,468 The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
Chief Executive
The Premier Sugar Mills & Distillery Company Limited Unconsolidated Condensed Interim Statement of Profit
or Loss and Other Comprehensive Income (Un-audited)
For the Quarter and Nine Months Period Ended June 30, 2025
For the Quarter Nine Months Ended
April-June | April-June | Oct.-June | Oct.-June | |
2025 2024 2025 2024 | ||||
Note | ------- Rupees in thousand | |||
Sales 14 | 946,054 110,612 1,497,666 622,144 | |||
Less : aales tax | (32,19Y) (16,873) (55,778) (94,903) | |||
Sales - net 913,857 | 93,739 | 1,441,888 | 527,241 | |
Cost of sales (775,487) (215,262) {1,425,283) (939,377) | ||||
Gross profit / (loss) | 138,371 | (121,523) | 16,606 | (412,136) |
Distribution cost | (110,831) | (383) | t162,388) | (2,899) |
Administrative expenses | (34,906) | (30,316) | (95,934) | (104,481) |
Other income 15 | 10,572 | 588,358 | 77,033 | 681,275 |
Other expenses 16 7 (4) (787) (4) | ||||
Profit / (loss) from operations 3,212 | 436,133 | (165,471) | 161,756 | |
Finance cost (96,326) | (62,280) | (223,695) | (184,547) | |
(Loss) / profit before taxation (93,114) | 373,853 | (389,166) | (22,791) | |
Taxation 17 | 73,332 173,504 66,295 157,756 | |||
(Loss)/ profit after taxation | (19,782) | 547,358 | (322,871) | 134,966 |
Other comprehensive income | 0 | 0 | 0 | 0 |
Total comprehensive (loss)/ profit (19,782) 547,358 (322,871) 134,966 | ||||
--- | --• | -- Rupees -- | - | |
(Loss)/ earning per share | (5) | 146 | (86) | 36 |
The annexed notes form an integral part of these unconsolidated condensed interim financial
statements.
Chief Executive Director Chief Financial Officer
The Premier Sugar Mills & Distillery Company Limited
Unconsolidated Condensed Interim Statement of Cash Flows (Un-audited) For The Nine Months Ended June 30, 2025
Cash flows from operating activities
Profit / (loss) for the period - before taxation Adjustments for non-cash charges and other items: Depreciation on property, plant and equipment Depreciation on investment property
Unclaimed payable balances written-back
Profit on bank deposits
Gain on sale of vehicles
Staff retirement benefits - gratuity (net)
Dividends from Subsidiary Company and Associated Company
Finance cost
(Loss) / profit before working capital changes
Effect on cash flows due to working capital changes Decrease / (increase) in current assets:
Stores and spares Stock-in-trade Trade debts Advances
Trade deposits and short term prepayments
Other receivables Sales tax refundable
Increase / (decrease) in trade and other payables
Net Cash generated from / (used in) operations Income tax paid
Income tax paid
Net cash generated from/ (used in) operating activities Cash flows from investing activities
Additions to property, plant and equipment Sale proceeds of vehicles
Advance received againist non-current assets classified as held for sale
Dividends received
Profit received bank deposits
Net cash generated from / (used in) investing activities
Cash flows from financing activities
Nine Months Ended June 30, June 30,
2025 2024
(Rupees in thousand)
(389,166) (22,791)
221,772 170,671
191 201
0 (525)
(5,827) (4,054)
(35) (586,208)
(4,740) 5,231
0 (68,755)
223,695 184,547
45,891 (321,683)
(54,661)
(510,816) (75,986j (6,507)
(1,041)
(6,379)
(278,611)
427,939
(7,810)
(1,174,187)
(69,641)
141,362
(1,868)
3,472
(45,174)
120,794
(506,062) (1,033,051)
(460,171) (1,354,735)
(250) (0)
(29,163) (21,499)
(489,585) (1,376,234)
(282,673)
36
0
0
5,827
(802,512)
590,850
(539,965)
68,755
4,054
(276,810) (678,818)
Long term finances obtained Loan from a subsidiary company Lease finances - net
Short term borrowings - net Finance cost paid
47,521
350,000
119
588,528
(195,201)
702,899
0
4,466
1,329,965
(92,136)
Net cash (used in) I generated from financing activities 790,966 1,945,194
Net (decrease)/ increase in cash and cash equivalents 24,572 (109,857)
Cash and cash equivalents - at beginning of the period 62,217 120,095
Cash and cash equivalents - at end of the period 86,789 10,238 The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED
Unconsolidated Condensed Interim Statement Of Changes In Equity (Un-Audited)FOR THE NINE MONTHS PERIOD ENDED JUNE 30, 2025
Share °•p'^ | Reserves | ° | Accumulated loss | Total | |||
Capital | Revenue | ||||||
share redempt- ion | General | ||||||
Balance as at September 30, 2023 37,500 Total comprehensive income / (loss) for the period | 1 | 900,000 | 900,001 | 1,634,949 | (532,693) | 2,039,757 | |
Profit after taxation for the nine months ended June 30, 2024 0 | 0 | 0 | 0 | 0 | 134,966 | 134,966 | |
Transfer from surplus on revaluation of property, plant and equipment on account of incremental depreciation for the period | |||||||
-net of deferred taxation | 0 | 0 | 0 | 0 | (100,965) | 100,965 | 0 |
Balance as at June 30, 2024 | 37,500 | 1 | 900,000 | 900,001 | 1,533,984 | (296,762) | 2,174,723 |
Total comprehensive income / (loss) for the period | |||||||
Loss after taxation for the three months ended Sep 30, 2024 | 0 | 0 | 0 | 0 | 0 | (308,077) (308,077) | |
Transfer from surplus on revaluation of property, plant and equipment on account of incremental depreciation for the period | |||||||
-net of deferred taxation | 0 | 0 | 0 | 0 | (94,236) | 94,236 | 0 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 1,323 | 1,323 |
Balance as at September 30, 2024 | 37,500 | 1 | 900,000 | 900,001 | 1,439,748 | (509,280) | 1,867,969 |
Total comprehensive loss | |||||||
for the period | |||||||
Loss after taxation for the nine months ended June 30, 2025 | 0 | 0 | 0 | 0 | (322,871) | (322,871) | |
Transfer from surplus on revaluation of property, plant and equipment on account of incremental depreciation for the period -net of deferred taxation | 0 | 0 | 0 | 0 | (100,965) | 100,965 | 0 |
Balance as at June 30, 2025 | 37,500 | 1 | 900,000 | 900,001 | 1,338,783 | (731,186) | 1,545,098 |
-•--• Rupees in thousand
The annexed notes form an integral part of this condensed interim financial information.
Chief Executive Director Chief Financial Officer
TEL : (051) 2650805-7 FAX : (051) 2651285-6
THE PREMIER SUGAR MILLS & DISTILLERY CO. LTD.
King's Arcade, 20-A, Markaz F-7, P.O. Box 1529, Islamabad
Ref: PSM/PSTN(
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
July 28, 2025
Re: CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED JUNE 30, 2025
Dear Sir,
We would like to inform you that the Board of Directors of the Company, in the Meeting held on Monday, July 28, 2025 at 11:30 a.m, have approved the following Consolidated Financial Results of the Company for the Quarter and Nine Months ended on June 30, 2025:
Quarter ended Nine Months ended
June 30, | June 30, | June 30, | June 30, | ||
2025 | 2024 | 2025 | 2024 | ||
------------• Rupees in thousand ------------ | |||||
Sales - local | 5,635,470 | 11,252,907 | 15,642,265 | 22,645,189 | |
Sales - export | 2,521,615 | 1,533,573 | 7,183,842 | 5,540,412 | |
8,157,085 | 12,786,480 | 22,826,107 | 28,185,601 | ||
Less sales tax, other government levies and discounts | (777,625) | (1,467,498) | (2,094,965) | (2,998,329) | |
Sales - net | 7,379,460 | 11,318,982 | 20,731,142 | 25,187,272 | |
Cost of sales | (6,137,888) | (11,453,218) | (19,382,093) | (22,581,654) | |
Gross profit / (loss) | 1,241,572 | (134,236) | 1,349,049 | 2,605,618 | |
Selling and distribution expenses | (411,158) | (240,313) | (1,092,596) | (720,290) | |
Administrative expenses | (481,422) | (469,806) | (1,380,427) | (1,220,602) | |
Net impairment losses on financial assets | 0 | 0 | (34,128) | 0 | |
Other income | 51,015 | 32,242 | 669,627 | 170,069 | |
Other expenses | (2,059) | 13,290 | (4,811) | 3,172 | |
Profit (Loss) from operations | 397,948 | (798,823) | (493,286) | 837,967 | |
Finance cost | (1,053,534) | (1,553,887) | (3,246,205) | (3,806,593) | |
(655,586) | (2,352,710) | (3,739,491) | (2,968,626) | ||
Share of (loss)/ profit from Associated Companies | (6,154) | 789 | (11,819) | (11,819) | |
(Loss) before taxation | (661,740) | (2,351,921) | (3,751,310) | (2,980,445) | |
Taxation - Group - current | (18,932) | (175,526) | (18,932) | (233,025) | |
- prior year | 0 | 0 | 0 | ||
- deferred 311,514 | 470,976 | 1,507,604 | 741,977/ | ||
292,582 | 295,450 | 1,488,672 | 508,952 | ||
'Associated Companies (74) | (23) | (77) | (77) | ||
292,508 | 295,427 | 1,488,595 | 508,875 | ||
(Loss) after taxation (369,232) - | (2,056,494) (2,262,715) -- Rupees -- | (2,471,570) | |||
Com "ned (I ss) per Share
(50.10)
(299.35) (358.19) (398.20)
The u erl Report of our Company will be submitted electronically through PUCARS as per PSX Notice No. PSX/N-5036 date . pte ber 03, 2018.
( ah1d Bashir) mpany Secretary
Factory : Phones: (0937) 862051, 862052, 863443, Fax: (0937) 862989 Telex 52404 PSMMN PK MARDANThe Premier Sugar Mills & Distillery Company Limited
Condensed Interim Consolidated Statement of Financial Position As At June 30, 2025
Un-audited Audited
June 30, Sep. 30,
2025 2024
Assets
Non-current assetsProperty, plant and equipment Right-of-use assets Investment property
Long term investments Security deposits Deferred tax asset
Current assets
Note (Rupees in thousand)
7 25,155,865 29,649,297
8 365,859 326,003
19,442 19,633
9 179,726 203,917
17,495 17,244
487,647 192,100 26,226,034 30,408,194
Stores and spares 10
Stock-in-trade 11
Trade debts 12
Loans and advances 13
Trade deposits, short term prepayments and other receivables 14
Tax refunds due from the Government Income tax refundable
Short term investments 15
Bank balances 16
891,165
14,106,956
1,430,940
1,397,287
288,152
270,928
845,662
82
1,389,664
913,342
4,986,667
440,448
1,121,798
126,370
466,899
0
78
1,114,598
Total assets
Equity and liabilities Share capital and reserves
20,620,836 9,170,200
46,846,869 39,578,394
Authorised capital
Issued, subscribed and paid-up capital Capital reserves
57,500
37,500
57,500
37,500
share redemption
revaluation surplus on property, plant and equipment General revenue reserve
Unappropriated profit
Equity attributable to equity holders of the Holding Company
Non-controlling interest Non-current liabilitiesLong term finances
Loans from related parties Lease liabilities Government Grant Deferred liabilities
Current liabilities
Trade and other payables Contract Liabilities Unclaimed dividends Accrued mark-up
Short term borrowings
Current portion of non-current liabilities Dividends payable to non-controlling interest Taxation
Total liabilities
1 1
4,556,716 5,929,257
1,010,537 1,010,537
1,642,424 285,358 7,247,178 7,262,653
3,504,442
6,265,941
137,472
153,547
196,656
165,814
32,973
49,696
1,115,955
3,306,111
4,987,498
9,941,109
4,148,049
2,188,735
228,000
36,538
23,547
23,149
991,658
461,443
20,426,076
9,671,811
1,323,605
1,556,429
0
572
635,061
418,544
27,776,000
14,357,221
6,836,193 8,017,411 14,083,371 15,280,064
17
18
19
20
21
22
23
32,763,498 24,298,330
Contingencies and commitments 24 Total equity and liabilities 46,846,869 39,578,394 The annexed notes form an integral part of these condensed interim consolidated financial statements.
'
.¿ '' ,¿/ /",' ' ,
Chief Executive Director Chief Financial Officer
The Premier Sugar Mills & Distillery Company Limited Condensed Interim Consolidated Statement of Profit or Loss For The Quarter And Nine Month Period Ended June 30, 2025
Quarter ended Nine month period ended
Sales
Note June 30 June 30 June 30
2025 2024 2020
Rupees in thousand --
June 30
2024
- local
5,635,470
11,252,907
16,642,265
22,645,189
- export
2,521,615
1,533,573
7,183,842
5,540,412
8,107,084
12,786,480
22,826,106
28,185,601
Less: sales tax, other government
levles and discounts
(777,625)
(1,467,498)
(2,094,966)
(2, g8,3z9)
Sales - net
7,379,459
11,318,982
20,731,141
25,187,272
Cost of sales
(6,137,888)
(11,453,218)
(19,382,093)
(22,581,654)
Gross profit/ (loss)
1,241,572
(134,236)
1,349,049
2,605,618
Selling and distribution expenses
(411,158)
(240,313)
(1,092,596)
(720,290)
Administrative and general expenses
(48'l,422)
(469,806)
(1,380,427)
(1,220,602)
Net impairment losses on financial assets
0
0
0
0
Other income
51,015
32,242
669,627
170,069
Other expenses
(2,059)
13,290
(4,811)
3,172
Profit' (loss) from operations
397,948
(798,824)
(459,158)
837,967
Finance cost
(1,003,534)
(1,553,887)
(3,246,205)
(3,806,593)
(655,586)
(2,352,711)
(3,705,363)
(2,968,627)
Share of profit / (loss) from
Associated Companies'
(6,154)
789
(11,819)
(11,819)
(Loes) before income tax.
(661,740)
(2,351,922)
(3,717,182)
(2,980,446)
minimum tax and final levies
Final taxes- levy
0
0
(203,304)
(55,404)
(Loss) before income tax
(661,740)
(2,351,922)
(3,920,486)
(3,035,850)
Taxation
(18,932)
(175,526)
(18,932)
(233,025)
0
0
0
0
311,514
470,976
1,507,604
741,977
292,582
295,450
1,488,672
508,952
(74}
(23)
(77)
(77)
Group
current
priot year
deferred
Associated Companies
292,508 | 295,427 1,488,595 | 508,875 | |||
(Loss) after taxation Attributable to : - Equity Holders of the Holding Company | (369,232) (187,858) | (2,056,495) (2.431,891) (1,122,551) (1,343,211) | (2,526,975) (1,493,259) | ||
- Non-controlling interest | (181,374) | (933,944) (1,088,680) | (1,033,716) | ||
1369,232) | (2,056,495) (2,431,891) | (2,526,975) | |||
-- | --------- Rupees --- ----- | ||||
Combined (loss) per share | (50.10) | (299.35) | (358.19) | (398.20) | |
The annexed notes form an integral part of these condensed interim consolidated financial statements.
Chief Executive Director
Ghief Flnanclal Officer
The Premier Sugar Mills & Distillery Company Limited
Condensed Interim Consolidated Statement of Other Comprehensive Income (Un-audited) For The Quarter And Nine Month Period Ended June 30, 2025
Quarter ended Nine month period ended
June 30, 2025 | June 30, 2024 Rupees | June 30, 2025 in thousand | June 30, 2024 | |
Profit after taxation | (369,232) | (2,056,495) | (2,431,891) | (2,526,975) |
Other comprehensive income | ||||
Item that may be reclassified subsequently to profit or loss: | 1,318,586 | (391,319) | ||
Share of other comprehensive income from Associated Companies | 6,530 | 6,530 | 7,402 | 7,402 |
Total comprehensive income/ (loss) | (362,702) | (2,049,964) | (1,105,903) | (2,910,891) |
Attributable to: | ||||
- Equity holders of the Holding Company | 731,474 | (1,010,752) | (17,223) | (1,877,175) |
- Non-controlling interest | (1,094,176) | (1,039,212) | (1,088,680) | (1,033,716) |
(362,702) | (2,049,964) | (1,105,903) | (2,910,891) | |
The annexed notes form an integral part of these condensed interim consolidated financial statements.
Chief Executive Director Chief Financial Officer
The Premier Sugar Milne & Distillery Company Llmlted
Condensed Interim ConeolTdaled Statement of Changes In Equity (Un•audited) For The Nlne Month Perlod Ended June 30 2025
Attributable to equity holders of the Holding Compa- | ||||||||
Reaervea | Tata! | |||||||
General | Unappro•prlated | |||||||
pt ion | and equipment | |||||||
Traneactlon wlth owners:
- Cash dividend at the rate of Re.5.00 per ordinary share for the yeer ended September 30, 2023
Total comprehensive Income:
Effect of lteme directly credited In equlty by Ae•oclated Companies
(net of deferred taxation) | 0 | o | 0 | 0 | o | ||||||
depreciation | 0 | 0 | (501,680) | ||||||||
Balance ae at June 30, 2024 | 37,500 | 1 | 5,303,338 | 1.010,537 | |||||||
Beans«aea‹Sep«mber30?02 | 285,358 | 7,282,853 | 8.017,411 | 15,280,084 | |||||||
Transfer from renal uation eurpl ue on propeNy, plant and equl pment
37,500
0
Rugeee In thousand
0
0
0
0
OJS3,2F)
(3S3,P )
(1,*S3,J80)
(353.5 )
(1,033,11 (Ad2S0?S)
0
0
0
(3SJ,8I)
0
0
0
0
1,748
480,258
0
eefi,s41
0
($¥,93S)
S2,fl30)
0
0
0
0
0
0 0
- Caeh dlvldend at the rete of Re.5.00 per ord lnary e hare for the year
0 0
Loea for the nine month petlod ended June 30,2025
Other compreheneive loee
Effect of iteme direct Iy credited In
equity by Associated Compan lee 0
Transfer from revaluation surplus on property, plant end equipment
(net of deferred taxation) 0 0
- on account of Incremental depreciation
37.500
1,64Z,4M
7,247,178
6,836,193 14,083,37 T
The annexed notes form an Integral part of these eondensed Interim consolidated flnanclaT statements.
Chlef Executive Director Chief Financial Officer